RBL Bank Ltd MD & CEO has sold 18,92,900 shares

Mr. Vishwavir Ahuja, Managing Director & CEO of RBL Bank Ltd, mentioning that he has sold 18,92,900 shares of the Bank on 27th & 28th of August, 2020 for approx. Rs. 38.52 Crore (Rupees Thirty Eight Crore Fifty Two Lakhs Only).

The sale has been driven primarily with the need to extinguish personal debt obligations and related servicing burden, undertaken over the last few years mainly to exercise & purchase vested ESOPs (and pay associated tax), as well as to take care of some pressing family commitments. The sale represents approx. 18% of his/family's total holdings and Mr. Ahuja continues to retain 80,10,000 shares (approx 1.6% holding) of RBL bank post the sale of these shares.

Shares of RBL Bank Ltd was last trading in BSE at Rs.210.6 as compared to the previous close of Rs. 202.55. The total number of shares traded during the day was 1720932 in over 14248 trades.

The stock hit an intraday high of Rs. 214 and intraday low of 202.55. The net turnover during the day was Rs. 362760319.

Source : Equity Bulls

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